Community Articles
via Decrypt · By Decrypt Editorial
Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt
BTC
BTC/USDT
$64,825.78
+1.68%
$64,825.78
+1.68%
(24s)24h Volume
$13,594,338,145.78
24h H/L
$65,176.60 / $63,267.34
Change: $1,909.26 (3.02%)
Long/Short
57.3%
Long: 57.3%Short: 42.7%
Funding Rate
+0.0047%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(02:35 PM UTC)
1 min read
In brief
- Strategy used 61% of its dedicated cash buffer ($1.38 billion) to repurchase $1.5 billion in convertible notes.
- Despite earlier corporate signals, the firm’s entire stash of 843,738 Bitcoin remained untouched during the debt repurchase.
- Although Bitcoin’s price has fallen roughly 12% year-to-date, the Bitcoin buying firm’s common shares have advanced 8.8% since January.
Strategy burned…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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